Obama: Too much debt could fuel double-dip recession

[joeydb]

Originally Posted by GBBob

But Joey..be honest..you and most of the right wingers won't believe ANYTHING that a Dem or Liberal says. You don't believe in Global Warming, you don't believe that the Stimulus did anything good for anyone, etc. So why would you believe Bigs or anyone else who claims there was a benefit?

Because the most offensive thing about all this "debt driving spending which is driving more debt" vicious cycle is that there is no math being performed or shown as to how much it actually helped. In other words, the economy itself, without a stimulus package, still has the ability to recover. Some say it would have recovered faster without the stimulus package because the debt load and resulting tax load on the citizens is less. Others say the stimulus helped in a way that the economy alone couldn't do. But nobody is breaking down exactly (or ballpark) how much recovery is from the economy itself versus the stimulus.

For credibility, the supporters of the stimulus and ANY NEW SPENDING must show that math, for all to see. And yes, the liberals who are now in charge are proposing most of the new spending, and cutting nothing from their previous programs. Defense they'd love to cut -- in fact that's the only place they CAN cut, politically. They've been for "less weapons more treaties" for decades. But sometimes the treaties don't work, and the weapons always do, which is why potential adversaries fear the weapons and less so the treaties.

Check this out: http://www.usdebtclock.org/

Both parties should be working to turn that into a national surplus clock.

Global Warming or Global Cooling or Climate change (which happens every season) is a separate issue for the most part, except that all of the global proposals expect America to pay the biggest share and curtail our growth (big surprise) while countries like China, who has trillions to loan to us despite being called a "developing" country, is expected to pay far less, if they feel like it, and if anyone has the guts to enforce that. How you enforce payment on a nuclear-armed country with over a billion people and who is the current leading creditor of the United States is anybody's guess.